M&A Empowerment Conference on the Development of New Quality Productivity Held; Representatives from the M&A Industry in Shandong and Shenzhen Gathered - Securities Times

On March 26, the “The Future is Here - Mergers and Acquisitions Empowering New Productive Forces and High-Quality Development” Lu-Shen M&A Industry Seminar was successfully held at the Securities Times. This event was jointly hosted by the Shandong Mergers and Acquisitions Association and the Shandong Fund Industry Association, with support from the Securities Times, the National Venture Capital Association Alliance, the Shenzhen Venture Capital Association, and the Shenzhen Private Equity Association. Representatives from the M&A and venture capital industries in Shandong and Shenzhen gathered to engage in in-depth discussions on topics such as industrial integration, capital operations, and regional collaboration between Lu and Shen, collectively exploring new opportunities for the development of the M&A market in the new era.

During the seminar, Gao Yumei, a member of the Party Committee and vice president of the Securities Times, warmly welcomed the guests from Shandong. She stated that currently, mergers and acquisitions are a key measure to empower new productive forces and optimize resource allocation. Shenzhen is rich in innovation and capital, while Shandong has a comprehensive industrial structure and strong foundation. The collaboration between Lu and Shen, with complementary advantages, will undoubtedly open up vast space for industrial upgrading, capital connection, and high-quality development in both regions.

In the discussion segment, guests including Hu Yaofei, general manager of the Investment Banking Department at Shandong Private Joint Investment Holdings Co., Ltd. and chairman of the M&A Committee of the Shandong Fund Industry Association, Zhang Jing, member of the Party Committee, director, and vice general manager of Jinan Industrial Development Capital Holdings Group Co., Ltd., Kou Xianghe, chairman of Shenzhen Zhonghai Capital Management Co., Ltd., Zhang Quanxun, vice general manager of Shenzhen Yuan Zhifuhai Investment Management Co., Ltd., and Li Baojun, vice general manager of Jining State-owned Assets Investment Holdings Co., Ltd., engaged in in-depth discussions on the opportunities and challenges in the M&A market.

Hu Yaofei expressed that the heat in the current M&A market continues to rise, with the “Six Guidelines for Mergers and Acquisitions” and supporting measures being introduced one after another, injecting strong momentum into the market. There is also an urgent need to promote high-quality development and economic transformation through mergers and acquisitions. M&A follows its own economic laws and is not achieved overnight; it requires multi-party collaboration and support to be effectively implemented.

Zhang Jing pointed out that when discussing the selection of M&A targets in key areas of new productive forces, three main dimensions should be focused on: first, the industry must have long-term growth potential; second, the target company should possess technological advancement and core competitiveness; and third, the acquisition pricing must be reasonable and comply with state-owned asset premium control requirements. Target selection should take into account local industrial structures and resource advantages.

In analyzing industry trends, Kou Xianghe noted that some domestic industries face intensified competition and overcapacity issues, and M&A is an inevitable direction for industrial upgrading. China’s M&A market is still in its early stages, and future transaction volumes and scales are expected to significantly surpass early venture capital projects.

Zhang Quanxun used the metaphor of “transplanting trees” to describe the M&A model, pointing out that Shandong has excellent resource endowments and ample carrying space, forming a clear complementarity with Shenzhen—Shenzhen focuses on R&D, sales, and capital market services, while Shandong provides industrial landing and production carriers. The prospects for collaborative cooperation between the two regions are broad. At the same time, M&A can yield quick results and manageable risks, effectively optimizing the allocation of existing assets and maximizing asset value.

Li Baojun introduced the two key focus areas for the company moving forward: first, accurately identifying M&A targets, proactively assessing the synergies between local projects and external targets, and selectively screening based on its own business and asset reserves; second, focusing on local industrial chain construction, having already sorted out more than ten iconic industrial chains and nearly a hundred chain-leading enterprises this year. State-owned assets will leverage their financing advantages to lead industrial upgrading through mergers and acquisitions of chain-leading enterprises, helping private enterprises overcome financing bottlenecks.

This seminar established a practical communication and resource connection platform for the M&A field between Lu and Shen, further consolidating the industry consensus on empowering new productive forces through M&A and promoting high-quality development. The Securities Times will continue to leverage its platform advantages and bridging role, actively building cross-regional capital connection, industrial collaboration, and experience exchange platforms to contribute professional media support for the high-quality development of capital markets and the transformation and upgrading of the real economy. (Zhang Tianlun)